[Yonhap News headlines at this time] - 10:30
Suspension of indictment cancellation of Justice Minister candidate, People Power Party impeachment pressure, Daejeon stalking murderer's identity revealed, Iran-US negotiations, 400,000 dead in Russia-Ukraine war, review of TSMC memory expansion, sale of JTBC, rain and snow in Gangwon and Jeju
Quick Look
- President Lee Jae-myung's approval rating for his administration fell 1.0 percentage points to 35.9%.
- KOSPI is fighting to defend the 5,000 mark at 5,055.28.
- The candidate for Minister of Justice expressed reservations about the possibility of cancellation of the indictment, and the People Power Party called for impeachment.
AI-generated summary
Why It Matters
President Lee Jae-myung's approval rating for his administration fell to 35.9% in a Realmeter survey. KOSPI is waging a battle to secure the 5,000 mark. The candidate for Minister of Justice expressed reservations about the possibility of cancellation of the indictment. The People Power Party held a Supreme Council meeting in front of the Blue House and called for impeachment. In Daejeon, the identity of the suspect who murdered his former lover after being stalked was revealed. The United States criticized Iran's demands as absurd, and it is estimated that at least 400,000 people died in the Russian-Ukraine war. TSMC is considering entering the memory market, and JTBC has announced a sale.
On the 9th, Justice Minister candidate Lee Yong-cheol (currently the head of the Defense Acquisition Program Administration) expressed reservations about the possibility of the indictment being canceled in President Lee Jae-myung's criminal case, saying, "It is right to focus only on uncovering the truth." Candidate Lee was asked about the controversy over the cancellation of the indictment at a meeting with reporters while on his way to work at the Defense Acquisition Program Office in Gwacheon, Gyeonggi Province, this morning. He answered, "The President suggested to the National Assembly that the special prosecution focus only on finding the truth, excluding the right to transfer existing cases so that it can focus only on finding the truth. Accordingly, the National Assembly also enacted the Special Prosecutor Act accordingly."
KOSPI, which has recently plummeted day after day, is fluctuating in a flat range in the early trading on the 9th. As of 9:18 am on this day, KOSPI is 5,055.28, down 4.41 points (0.09%) from the previous day. The index started at 5,034.20, down 25.49 points (0.50%) from the previous day, and is exploring direction through intraday upward and downward transitions.
The results of a public opinion poll were released on the 9th showing that President Lee Jae-myung's approval rating for his administration has fallen slightly in one week, reaching the mid-30% range. According to a survey of 2,528 people over the age of 18 nationwide conducted by Realmeter on the 2nd to 6th at the request of Asia Economy, the positive evaluation of President Lee's performance of state affairs was calculated to be 35.9%, down 1.0 percentage points from last week. Negative evaluation was 60.6%, up 0.5 percentage points from the previous week. ‘I don’t know’ was 3.4%.
On the 9th, the People Power Party held a Supreme Council meeting in front of the Blue House to condemn the ruling party's push for the 'Special Prosecution Act on Manipulated Prosecutions' and emphasized to President Lee Jae-myung, "The only reward for abusing the power entrusted to you by the people for yourself is dismissal, or in other words, impeachment." Representative Jang Dong-hyuk said, “Lee Jae-myung’s jailbreak bill has passed the National Assembly and has been handed over to the Blue House.”
The personal information of the suspect who murdered his ex-lover who reported stalking a year later has been revealed. On the 9th, the Daejeon Police Agency released the name, age, and mug shot of Kwon Jong-pil (43), who was arrested and sent on charges including murder, on the Daejeon Police Agency website. The disclosure period is from this day to the 9th of next month.
U.S. Secretary of State Marco Rubio said a breakthrough in negotiations with Iran was not imminent. According to Bloomberg News on the 8th (local time), Secretary Rubio met with reporters in Florida that day and said, "Many countries are continuing to contact Iran with various ideas, but I would not say that a breakthrough is on the horizon." In particular, he criticized Iran's demands, saying, "Some of them are beyond simply unacceptable, some are absurd, nonsensical, and downright unrealistic."
New circumstances have emerged showing that more than 400,000 Russian soldiers were killed in the war with Ukraine. This figure was calculated based on data from the National Statistical Office, which showed that the Russian government was hacking while hiding the actual scale of the attack, conscious of the negative impact it would have on public opinion and the conduct of the war. Bloomberg News reported on the 9th (local time) that it had obtained hacking information on the Russian Federal Statistics Office from the Belarusian anti-government hacker group 'Cyberpartisans BY' and the Ukrainian hacker group 'Silent Crow'.
The Information, an American information technology (IT) media outlet, reported that Taiwan's TSMC, the world's largest foundry (consignment semiconductor manufacturing) company, is considering expanding its business scope into cutting-edge memory semiconductor manufacturing. Citing two sources, the media reported on the 6th (local time) that TSMC has begun establishing a plan to produce 3D DRAM at the request of its largest customer, Nvidia.
JTBC issued a sale notice on the 9th and began a full-fledged search for a new owner. JTBC's sales manager, EY Hanyoung Accounting Corporation, announced in a sale announcement, "The sale will be carried out through open competitive bidding by attracting external capital, such as paid-in capital increase and corporate bond issuance through third-party allocation." The acceptance of the letter of intent (LOI) will be accepted for 4 weeks from the date of announcement, and the preferred bidder will be selected in January next year after preliminary due diligence.
On the 9th, it will rain occasionally in the eastern coast of Gangwon, mountainous areas, southern regions, and Jeju. Snow may fall in the Gangwon Mountains, which have high altitudes and low temperatures. Rain is already falling on the Jeonnam coast and Jeju, and it is expected to expand to the rest of Honam and western Gyeongnam during the morning. Rain will fall on the eastern coast and northeastern mountains of North Gyeongsang Province starting during the day, as well as the rest of Gyeongsangnam-do and central and southern Gyeongsangbuk-do in the afternoon.
What to Watch
AI outlook — possibilities, not facts
The People Power Party will continue to push for the impeachment of President Lee Jae-myung.
Likely · Within weeks
The preferred bidder for the sale of JTBC will be selected in January next year.
Very likely · Within months
KOSPI will decide whether to maintain the 5,000 mark within a short period of time
Possible · Within days
Open Questions
- Whether the indictment in President Lee Jae-myung's criminal case will actually be dropped?
- Will the People Power Party's impeachment push lead to an actual National Assembly vote?
- Will negotiations with Iran break down or be concluded?
- Whether TSMC will actually enter memory semiconductor manufacturing

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